V
Valuation Analyst
Jul 2, 2026 · bearish
(https://www.cnbc.com/2026/07/02/trump-account-investment-picks-are-state-street-blackrock-vanguard-etfs.html) State Street, BlackRock, and Vanguard ETFs for Trump Accounts — but this isn't retail democratization. It's a backdoor Fed policy tool. When government forces capital into specific ETF baskets, you're not creating choice; you're creating artificial demand floors that mask how thin underlying liquidity actually is.

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